AEON Mall : Notice of the 112th Ordinary General Meeting of Shareholders 1.3MB

Message from the President and CEO

To the Shareholders of AEON MALL Co., Ltd.:

Now that the world has entered the post COVID-19 era in earnest, the movement of people within Japan has become more active, and the number of foreign visitors to Japan has also increased, which are positive signs for our business environment.

However, today's society has become an "era of uncertainty (VUCA: volatility, uncertainty, complexity, and ambiguity)," where the complexity of the social environment is increasing and unexpected events occur one after another, making it truly unpredictable.

In this era of uncertainty, it is important to realize the underlying common goal of "sustainability."

We believe that conducting our business based on the concept of seeking solutions to environmental, social, and economic issues in a comprehensive and compatible manner will ensure our progress toward a sustainable society and a resilient society that can cope with various environmental changes and difficulties. We are also working to reform our business, believing that this will enhance the value of the Company's presence in society.

In addition, as a "glocal"* company, we are working as a business breaking down various social issues and opportunities into the local characteristics of each country and region, seizing opportunities from multiple perspectives, and creating optimal solutions beyond the conventional business framework through empathy and cooperative actions with all stakeholders, including our employees, under the slogan "Heartful and Sustainable."

From this fiscal year, we are entering the final medium-term plan period toward our "Vision for 2025." In response to local community and social issues, we will strive to foster empathy through "Solidarity (With B to C)" with local communities and partner companies, deepen and expand connections with people, and become a company with high expectations.

We would like to ask our shareholders for their continued understanding and support of the Company's business.

• Glocal is a word coined by combining the words "global" and "local" to express thinking and acting from a global perspective while taking local characteristics into consideration.

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Management Philosophy and Vision for 2025

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Medium-term Management Plan

2023-2025Three-Year Business Plan Growth Policy

Realizing Well-Being Lifestyles through Promoting a Regional Shift

What we mean by regional shift is the idea that global goals such as the SDGs, based on the concept of CSV*, can be broken down into the characteristics of each country and region where we open shopping malls, and that actions to create new value through dialogue with people in diverse positions and stakeholders in the local communities will lead to the "creation of sustainable local communities."

In addition, our vision for AEON MALL facilities is to create spaces offering abundant lifestyles leading to self-actualization based on physical health, mental health, environmental health, and social health. As a Life Design Producer, we create platforms through our businesses to support Well-Being lifestyles.

Based on these policy initiatives, we will work to achieve our "Vision for 2025" by providing value that will be supported and shared by our customers in Japan and overseas.

And in order to realize sustainable provision of value to local communities in the future beyond 2025, we will co-create with like-minded partners to develop a new business model that transcends the framework of commercial facilities.

*CSV (Creating Shared Value): a concept that balances business with solving social issues.

Toward VISION 2030

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Building Governance Structures for Supporting Growth

Basic stance for corporate governance

1. We provide a consistent and fair environment to support shareholder rights and the execution of said rights. We work in appropriate cooperation with shareholders toward the goal of sustainable growth.
2. Our Board of Directors and senior management respect the rights and perspectives of customers, local communities, partners, employees, shareholders, investors, and other stakeholders, as well as ethics in our business activities, and exercise proper leadership in fostering a corporate culture and climate and in positively engaging in sustainability initiatives.
3. We have created a Disclosure Policy and Rules for Managing Information Disclosure to address disclosure of financial and nonfinancial information. Guided by the policy and rules, we ensure transparency and fairness through appropriate and clear information disclosure.
4. Our Board of Directors consists of members with diverse experience and expertise, leveraging AEON MALL's strength as a developer with background in retail business. The Board of Directors appoints Independent Outside Directors to strengthen our supervisory function and conduct highly transparent business and determines important strategies and promotes measures to achieve our long-term vision and medium-andlong-term plans.
5. We reflect feedback and input received through constructive dialogue with shareholders in management to improve our corporate value.

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